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Industry bodies urge Senate to pass bipartisan Fix Our Forests Act
By Mia MacGregorMay 8 - (The Insurer) - Four insurance industry associations have sent a joint letter to Senate leaders urging the passage of the bipartisan Fix Our Forests Act (S 1462). The legislation aims to reducing wildfire risk, protecting communities and building national resilience.According...Reuters
Thu, May 8
Other
MSIG USA hires Beirne as chief actuary and James as CRO
By Isha MaratheMay 8 - (The Insurer) - MSIG USA has appointed Tony Beirne, former chief actuary at Cover Whale, as chief actuary and Dale James, former chief risk officer at Alleghany Corp, as chief risk officer. Both executives will report to Peter McKenna, CEO of MSIG USA."These appointme...Reuters
Thu, May 8
Stocks
Cleveland-Cliffs dives after wider-than-expected loss, operational changes
** Shares of steelmaker Cleveland-Cliffs CLF.N drop 17% to $7.05 early Thurs after Q1 loss exceeds Wall Street's expectations** CLF shares could suffer biggest one-day pct drop since the pandemic onset in 2020, if decline exceeds 16.8% plunge on Apr 3, 2025** Co late Weds posted adj loss/sh of 9...Reuters
Thu, May 8
Stocks
Shopify: Solid Growth, but Fears Remain
Here's our initial take on Shopify's (NASDAQ: SHOP) fiscal 2025 first-quarter financial report.Key MetricsMetricQ1 2024Q1 2025Changevs. ExpectationsRevenue$1.86 billion$2.36 billion27%BeatEarnings per share-$0.21-$0.53n/aMetGross merchandise volume$60.9 billion$74.8 billion23%MetFree cash flow$232 m...The Motley Fool
Thu, May 8
Stocks
Sempra rises on Q1 profit beat
** Shares of utility firm Sempra SRE.N rise 2% to $77.39 ** Company beats Q1 profit estimates, helped by strong performance at its California segment** SRE posts Q1 adjusted profit of $1.44/share vs est. of $1.32/share - data compiled by LSEG** Q1 net income at company's segment, Sempra Califor...Reuters
Thu, May 8
Stocks
Intellia Therapeutics rises on narrower Q1 loss
** Shares of gene-editing firm Intellia Therapeutics NTLA.O rise 3.4% to $7.54** NTLA reports Q1 net loss of $1.10 per share, narrower than the net loss of $1.12 a year ago** Posts Q1 collaboration revenue of $16.63 million, compared with $28.9 million a year ago** Co says it has cash and cash equiv...Reuters
Thu, May 8
Other
Gallagher acquires Texas-based Dean R Casey & Associates
By Mia MacGregorMay 8 - (The Insurer) - Arthur J Gallagher has acquired Dallas, Texas-based employee benefits brokerage Dean R. Casey & Associates. Terms of the transaction were not disclosed.Founded in 1998, Dean R. Casey & Associates serves primarily small- and mid-size group clients and i...Reuters
Thu, May 8
Stocks
Clear Secure Inc reports results for the quarter ended March 31 - Earnings Summary
Clear Secure Inc YOU.N reported quarterly adjusted earnings of 35 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 28 cents. The mean expectation of eight analysts for the quarter was for earnings of 33 cents per share. Wall ...Reuters
Thu, May 8
Stocks
US STOCKS-Wall St edges up as imminent US-Britain trade deal stokes optimism
Indexes up: Dow 0.16%, S&P 500 0.19%, Nasdaq 0.38%US-UK trade deal announcement awaitedArm slides after bleak first-quarter revenue forecast Krispy Kreme sinks after withdrawing FY forecastsBy Purvi Agarwal and Johann M Cherian May 8 (Reuters) - Wall Street inched higher on Thursday as in...Reuters
Thu, May 8
Other
Nestle lines up Rothschild for water unit sale, sources say
Water unit could be valued at 5 billion euros or more - source Nestle aiming to keep a stake in the business, sources saySeveral private equity companies interested, sources sayBy Amy-Jo Crowley, Andres Gonzalez and Richa Naidu LONDON, May 8 (Reuters) - Nestle NESN.S has hired Rothschild to advis...Reuters
Thu, May 8
Stocks
Novavax says talks with FDA on COVID vaccine approval ongoing calming investor fears
Novavax sees pathway to FDA approval after post-marketing commitmentsSwings to profit in Q1Shares rise nearly 19%By Sriparna Roy May 8 (Reuters) - Novavax NVAX.O on Thursday tried to calm investors spooked by the delay of full approval of its COVID vaccine shot by U.S. regulators saying that it ...Reuters
Thu, May 8
Other
Choice Financial Group names Dillow president and COO
By Mia MacGregorMay 8 - (The Insurer) - Virginia-based insurance broker Choice Financial Group has promoted Troy Dillow to president and chief operating officer.Dillow became part of the organization in 2021, initially joining as its first merger partner following the acquisition of Bernier Insuranc...Reuters
Thu, May 8
Stocks
Why Joby Aviation Stock Popped After Earnings
Joby Aviation (NYSE: JOBY) stock jumped 6.8% through 10:10 a.m. ET this morning after "beating" earnings last night. Analysts forecast Joby would lose $0.19 per share in its first quarter of 2025, but the electric air taxi company reported a loss of only $0.11 per share. Joby has no revenue, so anal...The Motley Fool
Thu, May 8
Stocks
Paycom Makes Solid Progress
Here's our initial take on Paycom Software's (NYSE: PAYC) first-quarter financial report.Key MetricsMetricQ1 2024Q1 2025Changevs. ExpectationsProduction-adjusted revenue$499.9 million$530.5 million 6%BeatAdjusted earnings per share$2.59$2.80 8%BeatAdjusted EBITDA$229.5 million$253.2 million 10%n/aRe...The Motley Fool
Thu, May 8
Other
Trucordia acquires Virginia-based Huffman Insurance
By Mia MacGregorMay 8 - (The Insurer) - Trucordia has acquired the insurance business of Huffman Insurance, a Virginia-based company offering personal and commercial solutions.Founded in 1968, Huffman Insurance provides auto, home, business, and life insurance, with offices across Virginia, includin...Reuters
Thu, May 8
Commodities
REFILE-ARA gasoline stocks rise 7%, Insights Global data shows
LONDON, May 8 (Reuters) - Gasoline stocks held independently in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub rose by 7% on the week, data from Dutch consultancy Insights Global showed on Thursday.Gasoline stocks rose 7% to 1.29 million metric tons as production increased owing to h...Reuters
Thu, May 8
Stocks
Saga Communications Inc reports results for the quarter ended March 31 - Earnings Summary
Saga Communications Inc SGA.OQ reported a quarterly adjusted loss of 25 cents per share for the quarter ended March 31, identical to the same quarter last year. The lone analyst forecast for the quarter was for a loss of 33 cents per share. Revenue fell 1.8% to $24.21 million from a year ago; ana...Reuters
Thu, May 8
Stocks
Evergy falls after Q1 profit miss on higher costs, lower demand
** Shares of utility Evergy EVRG.O fall 2.6% to $67.76** Company misses Q1 adjusted profit estimates on higher costs and lower demand due to an unplanned maintenance shutdown by a large customer** EVRG posts Q1 adjusted profit of 54 cents per share vs est of 66 cents per share - data compiled by LSE...Reuters
Thu, May 8
Stocks
SharkNinja rises on Q1 results
** Shares of home appliance maker SharkNinja SN.N rise 10.9% to $90.05** Co posts Q1 revenue of $1.22 billion, exceeding analysts' average estimate of $1.17 billion, according to data compiled by LSEG ** Co reports Q1 net income of $123.8 million on an adjusted basis, vs analysts' estimate o...Reuters
Thu, May 8
Commodities
ARA gasoline stocks rise 7%, Insights Global data shows
LONDON, May 8 (Reuters) - Gasoline stocks held independently held in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub rose by 7% on the week, data from Dutch consultancy Insights Global showed on Thursday.Gasoline stocks rose 7% to 1.29 million metric tons as production increased owing...Reuters
Thu, May 8
